Bristol deep-tech success story Ultraleap fails less than a year after Roli takeover
Technology business Ultraleap, which raised more than £120m from investors as it scaled up, has failed, less than a year after being acquired in a rescue deal.
The University of Bristol spin-out launched in 2013 as Ultrahaptics and developed hand-tracking and mid-air haptics technology, using ultrasound to create the sensation of touch in mid-air. In 2019 it acquired US hand-tracking firm Leap Motion in a significant deal and adopted the Ultraleap name, and the group employed around 150 people at its peak.
It raised £60m in a ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
